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Index Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

S&P Pan Asia BMI Transportation (US Dollar) (CME:SPAU29)

Sidelines Mode (+55) - SPAU29 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SPAU29?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPAU29.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPAU29
Open High Low SPAU29 Price Change
175.51 175.63 174.83 175.00 -0.46
Entry Signal

MarketClub’s Trade Triangles for SPAU29

long term up The long-term trend has been UP since Dec 18th, 2023 at 174.84

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2024 at 177.58

short term down The short-term trend has been DOWN since Mar 11th, 2024 at 175.70

Smart Scan Analysis for SPAU29

Based on our trend formula, SPAU29 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPAU29
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
175.51 175.63 174.83 175.00 -0.46
Prev. Close Volume Bid Ask Time
175.46 0 2024-03-19 00:45:29
52wk High208.3352wk High Date2018-01-25
52wk Low172.6452wk Low Date2018-10-26
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